The 2018 Global In-House Report is an overview of hiring trends from a variety of sources, from the local knowledge of experienced consultants to our regional salary guides through to general market sentiment derived from interviews with senior contacts.
Below is an extract from the Australian section. The full report contains market insights for Germany, Italy, the Middle East, Turkey, South Africa, China, Hong Kong, Singapore, the United Kingdom and North America.
The Australian Legal Market
The legal market in Australia is widely recognized as sophisticated and well developed. Based on the British Common Law, legal practice here is very similar to that of other Commonwealth countries. The market itself, however, has become very dynamic. Over the past 10 years in particular, new international entrants to the market have sought to take advantage of the stable economy, well trained high-calibre legal talent and proximity to Asian markets.
Following the resources ‘mining boom’ of the mid-2000’s, law firms such as Clifford Chance and Allen & Overy opened their doors in Australia and since then we have observed numerous global mergers or ‘tieups’ with local law firms. Law firms such as Ashurst, Herbert Smith Freehills, Allens-Linklaters, King & Wood Mallesons, Pinsent Masons, Clyde & Co, DLA, Norton Rose Fulbright and most recently White & Case are prime examples of the globalization of the market.